Overview
- The Series A was co-led by QED Investors with Left Lane Capital, with participation from Peak XV Partners, HSG and DST Global Partners.
- Reporting that cited Bloomberg places the company’s valuation at $600 million, with QED’s Sandeep Patil set to join the board.
- KAST reports more than 1 million users and roughly $5 billion in annualized volume, with revenue doubling since September 2025 and an expected ~$100 million ARR in 2026.
- Funding will support product development, regulatory licensing and compliance, hiring, regional growth in North America, Latin America and the Middle East, plus a KAST Business rollout for payouts and payroll.
- The platform supports USDC, USDT, DAI and PYUSD, and emphasizes multi-signature custody, insurance, automated compliance and fraud controls, with expanded enterprise APIs and mobile tools in development.